Pittenger & Anderson Inc. Sells 258 Shares of United Rentals, Inc. $URI

Pittenger & Anderson Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI) by 23.4% in the second quarter, HoldingsChannel.com reports. The firm owned 845 shares of the construction company’s stock after selling 258 shares during the quarter. Pittenger & Anderson Inc.’s holdings in United Rentals were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in United Rentals by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after purchasing an additional 29,501 shares during the period. JPMorgan Chase & Co. boosted its holdings in United Rentals by 98.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after purchasing an additional 541,579 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in United Rentals by 28.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock valued at $532,561,000 after purchasing an additional 190,007 shares during the period. Nordea Investment Management AB boosted its holdings in United Rentals by 6.4% in the 2nd quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock valued at $565,374,000 after purchasing an additional 44,854 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in United Rentals by 22.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock valued at $414,406,000 after purchasing an additional 120,449 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on URI. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the company a “neutral” rating in a report on Tuesday, September 16th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Evercore ISI restated an “outperform” rating on shares of United Rentals in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $954.88.

United Rentals Price Performance

URI stock opened at $1,003.76 on Wednesday. The stock has a market cap of $64.58 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.31 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. The company has a 50 day simple moving average of $955.24 and a 200 day simple moving average of $804.00. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.70 EPS. Research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.